IAPH Encourages More Ports’ Involvement to Help Shape Best Industry Practices and Regulations With the global shipping industry showing increased interest in the use of LNG as a fuel for vessels, members of the International Association of Ports and Harbors are laying the groundwork for how ports worldwide can accommodate this emerging trend. LNG will be the focus of technical committee and panel discussions at IAPH’s 28th World Ports Conference May 6-10 at LA Live in downtown Los Angeles. It is generally expected that by 2015 a number of progressive shipping lines will have LNG-powered vessels in their fleet, presenting a challenge for ports and shipping lines worldwide. Some vessels today are already LNG-powered and more are on order. According to a recent study from the Danish Maritime Authority the current use of natural gas within the SECA-zone is expected to increase by 140% by 2020, due to the use of LNG as a shipping fuel and usage on land by trucks and busses. Using LNG instead of conventional fuels offers substantial environmental benefits in comparison to conventional fuels. Sulfur and particle emissions would be reduced to almost zero, nitrogen oxide emissions by 85-90 per cent and net greenhouse gases by 15-20%. Overall, LNG is a cleaner, more cost-competitive fuel, and it meets the upcoming 2015 IMO regulations
General Dynamics Electric Boat has been awarded an $8.3 million contract modification by the U.S. Navy to procure components for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Under the contract modification, Electric Boat will procure material for the construction of Advanced Integrated Low Pressure Electrolyzers used on Virginia-class submarines
Spanish shipbuilding firm Navantia has placed an order for parts for four diesel-electric subs. Under the deal, BAE will make eight pressure domes at its base in Barrow-in-Furness, Cumbria, and deliver them to Navantia by the end of 2007. BAE saw off competition from Germany, France, Russia and the US to win the parts order. The deal marks the company's first foray into the newbuild export market since 1987 - although BAE has carried out refurbishment work on other submarines.
Under the related time charter agreement, ICI was obligated to pay Star Bulk a gross daily charter hire rate of $106,500 until February 2010. In turn, ICI sub-chartered the vessel for one year to Oldendorff Gmbh & Co. KG of (Oldendorff) at a gross daily charter hire rate of $130,000 until February 2009. ICI has assigned its rights and obligations under the sub-charter to Star Bulk in exchange for it being released from the remaining term of the ICI charter.
Analox has been awarded a contract by the US Defense department for the supply of a 40 additional Sub MkIIP Submarine Escape Monitors. This adds to the fleet’s current pool of 209 operational Sub MkIIP analysers. In addition to supplying the fleet, Analox is contracted to the annual in service support of the analysers. The Sub MkIIP is a vital decision making aid on any disabled submarine, and part of a unique set of escape and rescue equipments installed onto the submarine in
The IMO Council, meeting for its 109th session in London has endorsed, in principle, a restructuring of IMO's Sub-Committees. The Council meeting was the first “PaperSmart” meeting for the Organization, and was considered a success by delegates. Delegates were invited to make the meeting "paperless" (PaperSmart), to reduce costs and make IMO meetings "environment friendly". Delegates were asked to come to the meeting with their own laptops
Enhanced focus on maritime security in IMO Secretariat IMO Secretary-General, Efthimios E. Mitropoulos, has established a new subdivision within the IMO Secretariat’s Maritime Safety Division to reinforce the high priority given by the Organization to matters of maritime security. The new sub-division will provide a stronger focus on security matters and will address the complimentary issue of facilitation of maritime traffic
Work on reviewing regulations to reduce emissions of air pollutants from ships was high on the agenda when the IMO Sub-Committee on Bulk Liquids and Gases (BLG) met for its 11th session from 16-20 April 2007. It followed on from an intersessional meeting of the BLG Working Group on Air Pollution, which took place from 13 to 17 November 2006, in Oslo, Norway, to develop the necessary MARPOL amendments. The Working Group on Air Pollution was reconvened during the current session, chaired by Mr
Since its sinking on February 17, 1864, researchers and historians have pondered the above question for more than a century. What we do know, however is that a piece of Civil War history had been lying on the floor of Charleston Harbor off the coast of South Carolina. For all this time, no one, except showman P.T. Barnum (he once offered a $100,000 for the Hunley's recover during the 19th Century) had attempted to recover the doomed sub.
Treasure hunters Sub Sea Research team up with Howe and Howe Technologies to recover 'Port Nicholson' cargo. Last year, Sub Sea Research made international news with the announcement of their discovery of the $4 billion gold and platinum cargo aboard the SS Port Nicholson, a freighter that was sunk by a German U-Boat off the coast of Massachusetts in 1942. A year on, Sub Sea Research has teamed up with Maine-based, award winning technology company Howe and Howe
Ivory Coast received orders for a $750 million dollar bond of more than six times the issue size, one of the lead managers said on Wednesday. Ivory Coast launched the 10-year bond late on Wednesday at a yield of 5.625 percent, 3-1/2 years after civil war led it to default on restructured dollar
The International Association of Classification Societies (IACS) says that to facilitate a wider understanding of the Formal Safety Assessment (FSA) process, its experts recently held a one-day FSA training course. Details as follows:
No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders. Dry bulk carriers Foremost Maritime are understood by Clarkson Hellas to have added a further four 180
Diversified Singapore-based containership owners Samudra Group reports registered revenue of USD 96.9 million for the second quarter ended 30 June 2014, a 7.6% decline from USD 104.8 million in the previous corresponding quarter, which they say is in line with the Group’s rationalisation of
Wood Group PSN (WGPSN) announced that it has entered into a non-binding Memorandum of Understanding (“MoU”) with ABT Oil and Gas Ltd (“ABTOG”) to create a 50/50 jointly controlled entity. It is proposed that the new entity will deliver services dedicated to the
On June 16, 2014 the Water Quality Insurance Syndicate (WQIS) will offer a new 2014 Worldwide Vessel Pollution Form. The new policy form will contain enhanced coverage that will follow the WQIS tradition of offering assureds the most comprehensive vessel pollution coverage in the industry.
BIMCO says that its sub-committee of purchasers and suppliers tasked with revising BIMCO’s standard bunker contract met again recently at BIMCO House to review comments received from the Documentary Committee and the Singapore Shipping Association (SSA)
The GAC Group says it is bringing its African market knowledge to US clients in and around the global energy hub of Houston, Texas, with the posting of Gerrit Laubscher, Business Development Manager - Oil & Gas for Sub-Saharan Africa, to share his expertise and focus on promoting trade and
Newbuilding activity has continued at a steady pace this week with a number of new orders reported across dry bulk ships and tankers by Clarkson Hellas in their latest S&P Weekly Bulletin, as follows: Dry bulk carriers Tsuneishi have taken an order at their Cebu facility in the Philippines
Australia, Malaysia and China have decided to extend the search area in the southern Indian Ocean, which represents the highest priority for future search efforts for missing Malaysia Airlines flight MH370, informs Australia’s JACC.
'Garnishment' is the legal term relating to the collection of a monetary judgement on behalf of a claimant from a defendant. In the Philippines, this routinely occurs before the case has concluded and is central to the UK P&I Club Members' many concerns relating to crew claims in this
Airbus Defence and Space launches SkyFile Mail Manager to improve email account and traffic management capabilities for maritime Airbus Defence and Space has launched SkyFile Mail Manager, the latest addition to its SkyFile messaging portfolio
Kongsberg Maritime says that UiT, The Artic University of Norway, has contracted them to provide cutting-edge upgrades and extensions of existing ship's bridge simulators for navigation and DP training including human factor studies. UiT's strong focus on maritime and offshore training
Atlantic Towing (USA) has selected newly-designed, ice-strengthened PSV 5000 vessels from Damen Shipyards Group to meet its 10-year offshore support contract with ExxonMobil Canada Properties and Hibernia Management and Development Company Ltd. (HMDC)
Heerema Marine Contractors (HMC) has selected Kongsberg Maritime’s K-Sim Offshore simulation platform to enhance crane operator training and the safe, efficient implementation of heavy lift operations. With the contract signed on May 21, 2014